CarMax
749 hedge funds and large institutions have $13.4B invested in CarMax in 2024 Q4 according to their latest regulatory filings, with 97 funds opening new positions, 250 increasing their positions, 284 reducing their positions, and 75 closing their positions.
29% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 75
22% more call options, than puts
Call options by funds: $198M | Put options by funds: $162M
6% more capital invested
Capital invested by funds: $12.6B → $13.4B (+$733M)
4% more funds holding in top 10
Funds holding in top 10: 23 → 24 (+1)
1% more funds holding
Funds holding: 740 → 749 (+9)
1.57% less ownership
Funds ownership: 105.36% → 103.79% (-1.6%)
12% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 284
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
+$149M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$144M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$94.4M |
| 4 |
BlackRock
New York
|
+$64.7M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$49.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$141M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$133M |
| 3 |
MIS
Morningstar Investment Services
Chicago,
Illinois
|
-$118M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$70.7M |
| 5 |
SL
Summitry LLC
Foster City,
California
|
-$61.4M |
KMX Hedge Fund Activity: Q4 2024 in Review
749 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in CarMax (KMX) for Q4 2024, worth a combined $13.4B — up 5.8% from $12.6B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new KMX positions and 75 closed out — a net gain of 22 holders — while 250 added to existing stakes and 284 trimmed.
The largest buyer was Holocene Advisors, adding an estimated $149M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $141M.
- 749 institutional investors held CarMax (KMX) as of Q4 2024, up from 740 in Q3 2024.
- Funds reported $13.4B of CarMax stock for Q4 2024, up 5.8% quarter-over-quarter.
- 97 funds opened new CarMax positions in Q4 2024 and 75 closed out, a net change of +22 holders.
- The largest CarMax buyer in Q4 2024 was Holocene Advisors, an estimated $149M added.
- The largest CarMax seller in Q4 2024 was Ruane, Cunniff & Goldfarb, an estimated $141M sold.
Based on aggregated 13F filings for Q4 2024.